Common use of Section 12.7 Clause in Contracts

Section 12.7. 24 The District has adopted the VEBA (Sick Leave Conversion Medical Reimbursement Plan -the “Plan”) 25 pursuant to RCW 28A.400.210 and agrees to make contributions to the Plan on behalf of all retiring 26 employees in the collective bargaining unit who are eligible to participate in the Plan by reason of having 27 excess sick leave conversion rights. Contributions on behalf of each eligible employee will be based on 28 the conversion value of sick leave days accrued by such employee available for contribution at retirement 29 in accordance with the statute. It is understood that all eligible employees will be required to sign and 30 submit to the District a hold harmless agreement complying with the statute. This hold harmless 32 and submit such agreement to the District, he/she will not be permitted to participate in the Plan at any 33 time during the term of this Agreement, and any and all excess sick leave which in the absence of the 34 Agreement would accrue to such employee during the term hereof will be forfeited together with all cash- 35 conversion rights that pertain to such excess sick leave. For purposes of retirement, contributions to the 36 Plan, all employees covered by the Agreement who retire during the term hereof will be eligible, and 37 excess sick leave will be defined as the unused sick leave days accruing to the credit of such employee 38 from the date of this Agreement. This VEBA provision will be reopened annually.